Thejo Engineering (NSE:THEJO) Long-Term Capital Lease Obligation : ₹257 Mil (As of Sep. 2024)

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What is Thejo Engineering Long-Term Capital Lease Obligation?

Thejo Engineering's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₹257 Mil.

Thejo Engineering's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 (₹262 Mil) to Jun. 2024 (₹0 Mil) but then increased from Jun. 2024 (₹0 Mil) to Sep. 2024 (₹257 Mil).

Thejo Engineering's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (₹210 Mil) to Mar. 2023 (₹276 Mil) but then declined from Mar. 2023 (₹276 Mil) to Mar. 2024 (₹262 Mil).

Thejo Engineering Long-Term Capital Lease Obligation Historical Data

The historical data trend for Thejo Engineering's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Thejo Engineering Long-Term Capital Lease Obligation Chart

Thejo Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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77.50

66.35

209.58

275.90

261.54

Thejo Engineering Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															266.98	-	261.54	-	256.89

Thejo Engineering (NSE:THEJO) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Thejo Engineering Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thejo Engineering Ltd (NSE:THEJO) » Definitions » Long-Term Capital Lease Obligation

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Address

No. 41, Cathedral Road, 3rd Floor, VDS House, Chennai, TN, IND, 600 086

Website

https://www.thejo-engg.com

Thejo Engineering Ltd is an India-based company. It is an engineering solutions provider for Bulk Material Handling, Mineral Processing, and Corrosion Protection. The company's operating segment includes Manufacturing units, Service Units, and Others. It generates maximum revenue from the Service units segment. The company serves a sector like mining, power, steel, metals, cement, ports, and fertilizers. Geographically, it derives a majority of revenue from India. Its product categories include conveyor care, dust suppression, transfer point solutions, flow promotion, abrasion and wear protection, filtration, screening solution, and others.

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